Indian stock markets are likely to start Tuesday's session on a positive note, with the SGX Nifty trading 44.50 points higher at 10,642 on Singapore Exchange. Shares in the other Asian markets extended their recovery, hitting a three-week high as US borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell's highly-anticipated first congressional testimony later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent. Japan's Nikkei rose 1.0 per cent to three-week highs. Overnight on Wall Street, the S&P 500 advanced 1.18 per cent helped by a fall in US bond yields.
On Monday, the BSE Sensex rose 303 points to close at 34,445 while the NSE Nifty added 91 points to settle at 10,582. (Read more)
Simi Bhaumik, research analyst, shared her trading picks:
Buy Adani Ports at a minor dip for a target price of Rs 424 with stop loss at Rs 408
Buy Grasim at a minor dip for a target price of Rs 1,220 with stop loss at Rs 1,165
Disclaimer: Investors are advised to make their own assessment before acting on the information.